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Banking Inquiry 'continuing to engage' with former ECB President Jean Claude Trichet

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Jean-Claude Trichet

Jean-Claude Trichet

Jean-Claude Trichet

THE Banking Inquiry is "continuing to engage" with former ECB President Jean Claude Trichet about a special hearing in Dublin.

Mr Trichet is prepared to speak to Irish politicians at an event organised by Dublin based think-tank Institute for International and European Affairs, however, senior inquiry sources said “nothing had been confirmed”.

“Talks are ongoing and the mechanism under Mr Trichet can give evidence have not yet being finalised,” a Banking Inquiry source said.

The news follows a longing dispute between the inquiry and the ECB over the attendance of Mr Trichet before the committee, which aims to establish the events leading up to the Troika bailout.

Last week, current ECB president Mario Draghi suggested his vice president Vitor Constañcio would give speak to the inquiry in some capacity about the banks role in the bailout.

However, it was Mr Trichet who was in correspondence with the then Finance Minister Brian Lenihan in the days before the bail out.

"We are exploring with Mr Trichet the manner, time and location in which he will engage with the inquiry,” a banking inquiry spokesman said.

The inquiry yesterday announced Central Bank Governor Patrick O’Connor will return to the committee next week to clarify evidence he gave earlier this year.

Mr Honohan wrote to the inquiry following his appear on January 15 asking to give further evidence on bank guarantee and the powers of the Governor of the Central Bank at the time.

Online Editors